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There seems to be some nice homes behind a guard gated community known as Concordia in Irvine, near the Concordia University. Yet my gut tells me that something is "wrong/odd" with that area. Is there any reason to hesitate to buy a home in that area? Thanks in advance for your feedback!

Or if you can handle a very, very firm mattress---a fire-proof mattress!

Reason, check out Fidelity.com. It's: FSPXX FIDELITY CA AMT TAX-FREE MONEY MKT. I'm not an investment expert, but I think this is very safe (which is why the return is so ho-hum, i.e., in-line with good CDs and good savings accounts). I love the totally tax free aspect . . . and the invest...

<p>HSBC: I'm not sure 5.05% fully taxable is meaningfully better than 3.3$ totally tax free, assuming the highest tax rate.</p> <p>Reason: With the Fidelity muni fund, you invest in it and forget it. And it's completely liquid. CDs are not completely liquid, and you're right shopping for...

<p>Despite my blog name, I ain't buying in this market and thus need a place to park my equity/cash for a future home purchase. I'm looking for a very safe investment; I'm in a high tax bracket; and I'm worried about a potential bite from the Alternative Min Tax. Fidelity Investments has a...

Thanks for the feedback. Some cities and some areas and some neighborhoods don't get hit as hard when there is a downturn (that's not to say they avoid the downturn entirely). Also, homes with a fabulous view do better on resale, which also helps them weather a downturn storm. Lastly, if one...

<p>Folks, so sorry to bother you once again with essentially the same subject. I have found a 2950 SF home in NEWPORT Coast (as opposed to Turtle Ridge) that is off of Bonita Canyon Drive (not off Newport Coast Drive) and has a major panaramic view of Newport Beach generally, i.e., Fashion...

Thanks for everyone's comments. We are very likely going to rent instead of buy. Should be interesting to watch the real estate market from the sidelines during the next twelve months! Thanks again.

Folks, as you know from my blog name and content of my prior comments, I am on the verge of purchasing in Turtle Ridge. I have a seller of a 3900 SF very nice home (seriously nice) ready to sell at $2M. i.e., $512 PSF (asking was $2.2M and a few months ago $2.4M). One could argue that this is...

<p>movingaround, </p> <p>thanks for your sympathy. you obviously get-it.</p>

Graphrix hits the issue right on the head! There is "something" going on in Turtle Ridge, and the street Crimson Rose is a stellar example. Thanks for confirming my concerns. Driving the street gave me the willies. Having said that, it seem that Turtle Ridge has already been hit pretty hard...

<p>Thanks for your insights!</p>

<p>Yep, lived in OC most of my life. But we have lived in NorCal (Bay Area) for the past three years. We've been feeling brilliant about renting and sitting on the sidelines, but really want to get back to homeownership now, especially since we love OC. But that doesn't mean the homes we are...

All very, very, very good points. Friggin scary time to buy, and letting our chunk of equity earn 5.5% may totally tip the analysis scales toward renting. I'm just trying to gauge "how scary" it is to buy in Turtle Ridge right now. I realize that's very hard to gauge . . .

<p>Thanks IrvineCommuter. I'm an urgent buyer in a job relo situation, and prefer to own a home. I'm trying to figure out how best to buy in Turtle Ridge or Newport Coast and weather this real estate storm. Ugh. Hopefully if I buy a very nice home in the mid $500 per sq ft, I will be...

<p>Some of the postings make it sound like Turtle Ridge is currently a frightening place to invest. Is it plummeting worse than other areas of Irvine or OC? Is $600 per sq ft a relatively safe buy for the upper-end homes? Have most of the flippers been flushed out of the neighborhood yet? </p>